NEW YORK STOCK CORRESPONDENCE
EXCHANGE
MARKET UPWARD
YESTERDAY
The following reports on the New York stock market have been received through MONTA. Swan, Culbertson
markut:-
and Frits: The Wall Street Journal
report
on
yesterday's Stocks were upward under the leader ship of railroads due to the President's Budget mensago baing construed as *Iraders favourable to the market.
Chair Of Chinese
The Editor,
Hongkong Telegraph
Sir, The conferring of degreea at the Hongkong University re- minds me of the farcical fact that ninety-nine per centum of the the Raine University, wherem students are Chinese, is without
Chair of the Chinese language. Oxford as will na Cambridge has a Chair of "the most simple
the In
world" 1.0,
+
Chinese,
were displeased by the announcementlanguage that the 1936 Budget will not balance, however, this was offset by the Pre- aldent's statement that he did not contemplate any new inxes at present. vanced
Perhaps one of the reasons n
by the University
Steds were upward on inerented pro- | authorities for not having suen a duction, while railroads were upward Chair may be that the University due to expectations of early Governs not yet attained the standard mental ald. Bunda were strong and
hous AL41S active on a favourable reception of these two
Another reason may be the Budget by traders, Stacks on the learning. Curb Exchange were upward. Wheat that the sand Aathornava was upward on the strength of stocks unable to obtain for China the and the cash demand for grain.
ari
4vices of a man of letters of the quality of Dr. Hu Hsih. The former is excusable and ingical: but the latter is; to all intcuts and purposes, fallacious. If the latter of the true provus to be reasons, why then maintain the Chair of English when the services of a Magefeld are absolutely be yond the reach of the sni Authorities?
0311
S. C. & F. New York allice cables; The Budget merange was considered to be encouraging because, while con- tinued large spendings were indicated!, no new taxes and been proposed and called thu nation's crolit hail been ampic. Automobile production in the United States for this hair in the largest in six years. A further gain
r steel operation
expected. Bituminous pauction was off g ly for the week ended December 29. Alaska Juneau's earnings for Decem ber totalled $172,000 n« against $192,- 000 for December last year. Niagara Hudson has offered to reduce electric -rates.. Steel operations were 12/10ths | gecure a man from Home to under- points above last week at 43.1/10ths Take such a stupendous turk, for per cent. of capacity, Automobile all Beans and Professora production in Lin 'United States
werk engaged therefrom. totalled 42,000 units for The ended
Montgomery
January
All things considered, the sole the reason for not Institutink Chair in question may be that the said Authorities are unable
to
However, if Muth an individual is not forth
Ward's sales for December were coming, the writer humbly sug 30% love a year ago. Businessgests the elevation of on of the donci 1,290,000.
Cadets to this narh Selected
New York and Chicago cominality Clair, reporta eceived through Меннем.
Swan, Culbertson and Pritz:
Cotton: The conservative tone of the Budget message was encouraging
nvailable
to Conservatives, while others doubt that the requirement
without inflation. So traders were buying for the latter part of Norem- beri Consumption in all
ration
markets amounted 16 2,133,000 bales. The tone was very steady.
PEI-HUA.
Shipping Strike Settlement
The Editor,
Hongkong Telegraph
Sir. With the termination of the
Grains: Wheat: Mills were buying, tocal shipping dispute 1 would while cash offerings were light. The convey to yourself and reporting decrease of the visible apply for the
In ta the very sincere thanks of the week totulled 2,901,une basheis.
of these corn cash intereats were buyers on Management Committeds insettia weaser varidations preval-Guilds for the strictly impartint ing. The decrease in the visible sup-recording you love given to events ply totalled 1,456,00m burheds, The since the Officers concerned handed market was strong.
in to their respective Companies
Rabber: 1ren were firm, primary their notices of suspension of offerings belug almorbed. Higher prices are uutteipatri 111 delayed services.
consumer buying.
Dow Jones Averages:
Jan, B. an. 7.
2016
אש
30 Industrials
105,56
105.88
30 Ital
36.82
37.26
20 ULIL
17,GR
17.04
40 Hurd.
96.40
4፥43-4 ፮)
11 Commodity
$11.84
62,04
17 Lending Blocks
Jan. 7.
Amer. Can
$106
Amer. Smelt
39%
Amer. T. & T.
Auburn
Caso
59%
Du Punt.
thi
El, B. & Sh.
Gen. Metora
13
Int. 1.2.
Melatyre
11
Montgomery Ward
Not. Disulfers
N.Y. Centrai
20%
Union Pac.de
111
U.S. Steel
Socony-Vacuum
West. h. & M.
***
LONDON STOCK
EXCHANGE
LATEST SHARE
QUOTATIONS
The following quolations 011 the London Stock Exchange have heen received by Messrs. Swan, Culbertson and Fritz in conjunction with fruter British Government Securities Jan. 1. Jun. 7
War Loan 350
redm. after 1952 £1993). 2109%
Chinese Bands
5 Rear Loan
1913 (Ed. Ism) £ 98 05h Bonts 1926-47 € 08
13
I would also take this opportunity to make it perfectly clear that the temporary stoppage of certain river vessels must nat and is not to he construed in the slightest way in the nature of an "attack upon ship-
nothing owners," for
would be farther from the truth than any auch belief. While the curtailment of sailings in question was an aa- feet which had to be farved in al policy which had as its ultimate [object the establishment
greater feeling of trust and con fidence-between the owners-and of their Boating stail, it is the aim these Guilds to promote and main- tain harmonious and friendly rela tions with all Owners and in the settlement now arrived at these Guilds
conscious are
of their obligations to the owners concerned and will, to the list of their ability endeavour to implement such, with, it is hoped, mutual benefit to both sides.
In passing I would pay a tribute to Mr. Peter Sin, solicitor, who. while mindful of his owner clicals interests has been indefatigable in his efforts in collaboration with the undersigned to bring about a settlement which is regarded with eminent 'satisfaction by Both purtles,
WE. KIRBY, Secretary, China Coast Oficers
Guld,
Joint Secretary, Marine Engineera
Guild of Chinn.
Bouts - sh... Impl. Chem. Int. Impl. Chem. Ind. lef. 10/- ch... Impl. Tobacco
Woolwortha
no par val ............$ 245.
Turner &. Nesvoll, Di/-
46 Bonds 1808
46/6
47/- 37/101% 87-
(Eng. 1a).... KION
£10:1
495 Lunn 1908. € 90
4.00
5 Lan 1912 ... £ 89
S 00
10/15 141/
10/1
141/3
298
sh.
114/9
114/0
S'hai-Nanking
£ 78
£98. £ 791;
Internat. Nickel
$ 24%
5/8
5 Tient-Pukow
Riy.
| Unilever
26/0 20/--
£ 32
£ 3.
Miscellaneous
Burinn, Corpn. Rs.
£281
10
9/
9/-
Austin Motors ord. -
£101
h.
48/-
48/3
6% Jonan Rly.
24
£ 2614
Chartd. 16/- #},
6 Rukuning Rly.
(Bearer) KAY
21/0
74%
Gula Kalumpong
Rubber
20/0
42/--
Trepca. Mines 57-,
Kh.
V/-
0/-
33/3
33/8
5% Tient Pukow
Railway (Supl. Loan
5% Si-'chow-
Ningpo Rly... £100
. 1011 ...、、、、 £ 47% £ 483⁄41⁄4%
57 Lung Tuing U,
Hai Rly, 1913 £16 £17
Foreign Bonds and Banka
German 7 Int.
Loan 1991 GD £ 70 Japan 6% Storling
Loan 1907
... 824 £ 89%
Japan 6% Sterling
"Loan 1924.. £ 044 £ 91%
HI.K. & S'hai Bk.
(Ldn. Regd.).. £138
Chartered Bank £5
nh, .... £ 15%
Industrials and Breweries Associated Elec.
Anglo-Dutch..... 24/19% 21/734
Langtangte
Estates Sub-Nigel Pekin Synd. 2/-
ord. sh. Rubber Trusta S'hal_Elec. Constr, Van Ryn Beep.. Electric Musical
26370
26379
1701/0 -33/1% 33/6 $37- 537- 10/71400/7%
Industries... 31/3 31/0
ONA
Anglo-Persian Oil
40/348/14 Burma Oil**** 73/1 767- Southern Railway
£138
£ 15%
Industries
24/0 24/0
British-Amer. Tob.
(Bearer) ...
120/44 130/-
Chinese Eng. and
Min. (Bearer)
•-10/-
19/-
Rolla Royce £1
HIL
Tale & Lylo .....
103/3
103/3
Shell Trans and
Courtaulds
48/9
49/9
Distillers
04/0
Geldenhula 94/9
t1/9.
62/9
Dunlop Rubber
Everready 5/-sh.
General Electrio
(England)
23/10% 29/10%
00/- 50/3
(Deferred).... £ 22%
£.224
100/6 109/9
Trad. (Bearer) 48/0 50/-
20/10% 27/0
Crown Mines 10/- 207/0
260/3
Choaan Corgin... 36/6 30/0
City of Osaka 57
Sterling Loan.
01
THE HONGKONG TELEGRAPH. TUESDAY,
SHARE PRICES
The following is the list of focal share quotations issued to-day:--- Bariky,
Hongkong Banks, 81620 6. H.K. Banks, (Løn, keg.), £138.
n.
Chartered Bank, £16% n. - Mercantile Bank, A. and B. £32 n. Morenatile Bank C., £131⁄2 n.
·East-of Asia Bank, $90 n.
3)
Paul Curu, su. $20 China O. Fin. Ord, Sh. $1.80 n. China D. Fin. Pref. Sh. $41⁄21⁄2 *.
Canton Ins.. $275 n. Union Ins., $512% n.
:
China Underwriters, $1.20 b. Unina Fire, $520 1. II.K. Fire Ing., $240 n. Internat Anace, Sh, $5.00 ni
Shipping.
Douglas, $40 n. ILK, Steambonts, $7% n. lato-one. (Pret.), 630 Indo-Chinar (Def), $33 n. Shells (Bearer), 50/4 a. Union Waterboats,,
Mitning.
Antamoks, 84 eta, b, Balatogs, $ 1. Bagalo' Gold, 40 eis, n, Benguets, $14%-n.
Benguets, Exploration, 21 cts.
л.
Benguet Goldfield, 20 cts, a. Big Weilge, 10 cts, ni Gold Creek, 32 eta, n. Gold River 21 cis, sa, Ipo Mining. $1 n. Itogons, 40 €1s, n,
Solneut, 16 ete, n. Kailan, 19/- n.
Langkats (Single), $15 n.
S'hal. Exploration. Sh. $5. S'hai Loans, Sh. $6 n.
Raubs, $10
n.
Venz: Goldheld, $5 n.
IL.. Wharves, $112 n. H.K. Docks, 3129, n. Providents (old), $1.40 n. Providents Clank 1, on th, D. Hangkews (el), Sh. $309 n. New Engineerings, Sh. 844% a Shanghai Ducks, Sh. $120 n.
Cotton MIIS,
Ewo Collons, Sk. 38; n. S'hal Cottons, (old), Sh. $74 n.
FROM
THURSDAY
S'hai Cottons, (new), 8h. $443⁄41⁄4
n."
Zoong Sings. 89.40 n. Wing On Textiles, Sh. $55 a
Lands, Botels, etc.
II. and S. Hotels, $01⁄4 sa. H.K. Landa, 3543⁄41⁄2 8. H.K: Lands 4% debentures,
$100 b.
Shat Lands, Sh. $241⁄2 n. Metropolitan Lands, Sh. $12.20 n. Humphreys, $94 n. H.K. Realtics, $6.60 n. Asin Realties "A" Sh. $100 n.
11
Bicht
Chinese Estates. $88 m. China Renttien. Sh. $121⁄4 n. Citinn Debenture, $123 m.
Poun bunnen
Tramway, $20.50 b.
Peak Trama (old), $12 n.
Star Ferries. $100 à.
JANUARY 8, 1935.
U.S. COMMODITY
PRICES
LATEST CABLED
QUOTATIONS
Messrs. Swan, Culbertson and Frits have received the following quota- tions on the Now Yark exchange for yesterday.
New York Cotton.
Yuan Peiron, cod), $22 n. China Lights old), $10.46 b. any
and sa.
B.K. Electrics.. $72 Mačno Electrics, $25 n. Sandakan Lights, $8 n.
b.
· Telephone (ald), $26.80 ». Telephone (new), $11.00 ka. China Buses Sh. $12.40 n. Singapore Tractions, 4/6 b Singajure Pret. 17/9 .
industrinia.
| Ortober
Jan. 6. Jan. 7.
12.40
Closing
14.03-14.63
93% 92
sales-12,755,000 bushels
1
January March
12.55-12.65
12.67
*12.65-12.05
May July
12.05. -12.60 October (1936) 12.67 December (1935) 12.62
Spat
12.75
12.73-1273
12.70-12.76
12.01-12.02
12.08-1208
12.85
New York Rubber
January March
13.55
13.74-18.74
13.75
13.94-13.94
13.96
14.12-14.14
July September
14,17
14.94-14.85
14.37
14.63-14,64
14.48
Total sales:-430-1sts
Chiengo Wheat
May July September
Saturday's
100粒
101-101
044-0434 92%-02
Chienen Corn
Miny July
90%
8674
September
825
Canton Te A, $2.8% 1.
Cement team.). $2% n.
ILK. Ropes, $1 1.
Winnipeg Wheat.
Stares
May July
8374 84%
Dairy Farms. $24 n. Wat-9, $5.
March
New York Silk
1416
1.47 -1.47%
Lane Crawfordn. $3.75 n. Mackitiline on, 841 He Sinceres, $8 n.
May
July
1.41% 1.41 Tatn! sales-349 lots
Mantrend Kliver.
March
kayt
46.25
66.00
July
56.40
September
$4.70-54,00 65.206-65.200 56.0-50.15 17.20 56.50m-58.50%
Tulal anica:-contract
New York Metals,
4.55 Copper March..
Both
6.56
Gua
Malabon Sugars. $8,70 n. Cald: Med, cuidi, Sh. $20 h.
Caid: Mack, (Prof.); $199 n.
Rom. Proses, 70 ets, D. Wing On (H.K.) $105 n.
Miscellaneaus.
Amusements, $1.85 n. #k notertainments, $7% n. S. C. Enterprise, $135 b.
Constructions (old), $2 r. Lupsara nes yn w na atm. .
Vibor Piling. $0.60 n.
1. [... 125 G. Bond. 92%.
H.K, Gay, 45% Loan 8
B.K, Govt, 8% Loan. 27%
Wallace Harpers, $74; o.
prem.
0144-01% 801-80% 83-83%
Total sales-4,600,000 bushels
84 -84 8415-84%
14R -1,48 1.48. -1.48%
The P, and 0, Company send their i useful pocket dingy noui almadack for 1995, Es well as a entendar depleting the H. I. .. Mashobra and the prenificent P. and D. 1 Strathmore!
Lauw being built) as she will look when at anchor.
BOOK NOW:
TEL
HERE AT LAST IS WHAT YOU HAVE BEEN WAITING FOR!
THE SENSATIONAL STAR OF
"TELL ME TO-NIGHT".
טפה
JAN KIEPURA
THE SCREEN'S STAR WITH THE GOLDEN VOICE
CITY OF CONC
With
Betty Stockfield Heather Angel Hugh Wakefield on
A DRAMATIC LOVE ROMANCE, SET IN THE INCOMPARABLE BEAUTY OF THE GULF OF NAPLES AND SCENES OF LONDON'S, GLAMOROUS NIGHT LIFE.
The City's
Big
Bargain Event
WHITEAWAY'S
SALE
Now Proceeding
YOUR OPPORTUNITY FOR A
WHOLE MONTH
DISCOUNTS HOLD NO BRIEF
WITH US
WHEN WE ARE OFFERING
THE PUBLIC BARGAINS
QUR ENTIRE STOCK INCLUDED
Prices you cannot Resist
Amy labels arsigned,
WIRED!
SEALED!
SAFE!!
„PRODUTI OF TRANCE)
JOHN EXSHAW
NI BRANDY
CALDBECK, "MACGREGOR & CO., LTD.
The Leading Wine Merchants in the Far East. Prince's Building.
Telephone 20075.
WANTED AT ONCE
MEN'S AND BOYS' CLOTHING, SHOES, HATS, ETC.
will be very gratefully received by the HONGKONG BENEVOLENT SOCIETY at the Old Police Station, Wanchai.
on
MONDAYS & THURSDAYS from 10.30 am-to 12.00 noon. Send us your old clothes.
COUNT THE
THE NEW FRENCH-RÈMEDY. -THERAPION:NO.1 THERAPION N12
“TELEGRAPHS THERAPION NIS
EVERYWHERE